Checking Your Employee Provident Fund (EPF) Account Balance Online — Is Some Data Better Than No Data?

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So D’s office sends this email (excerpts below) — Please find attached detailed guidelines for checking your Employee Provident Fund (EPF) account balance online through — Click on — Select <State>. Select <City>. — Enter <Company> Establishment Number (for example: 00ABCDE). — Leave Extension Number blank. — Enter your EPF account number (for […]

Tip Tuesdays: Why You Shouldn’t Opt for a Decrease in Your Employee Provident Fund Contributions in Lieu of an Increase in Your Take Home Pay

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One of the suggestions that came up during an office discussion about the effects of the recent circular issued by the Central Board for Direct Taxes (CBDT) was: Employees whose basic salary is greater than INR 6,500 per month can opt to receive an employee provident fund amount limited to 12% of INR 6,500 i.e. […]

Tweets on 2009-06-24

Posted 3 CommentsPosted in Finance

Yesterday, I talked about why it makes sense to have a higher basic pay as part of your salary? My friend and guest blogger Shilpa immediately took my calculations forward in order to determine what difference the basic pay would make to your take home salary. Grab a copy of her calculations. What do you […]

Tip Tuesdays: Why You Should Opt for Employees’ Provident Fund (EPF) as Part of Your Salary if Your Employer Offers the Option

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This post is the result of a conversation I recently had with a reader. If your employer offers you the option to avail of Employees’ Provident Fund (EPF) facility as part of your salary package, I’d strongly recommend that you take up this option. Often, employers make salary offers which compare your salary package with […]